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Biz & Tech

Energy

Wed, June 23, 2021 | 02:37

Hyosung breaks ground for world's largest liquid hydrogen plant

A Hyosung Group affiliate broke ground on a liquid hydrogen manufacturing plant jointly with German chemical company Linde Group in Ulsan, Monday. The plant will be capable of producing 13,000 tons of liquid hydrogen annually, which will be the world's largest once it is constructed by spring 2023.

Yi Whan-woo | 2021-06-21 16:26

KEPCO maintains electricity rate in Q3 amid pandemic

South Korea's state-run energy firm on Monday said it has decided to retain the electricity rate in the third quarter of 2021, in a bid to ease the financial burden on local households amid the pandemic and rising inflation.

2021-06-21 09:55

Surging oil prices hit Korea's petrochemical, airline, shipping industries

Global oil prices have soared to their highest levels in more than two years, dealing a blow to Korea's petrochemical, airline, marine shipping and other industries sensitive to price fluctuations.

Yi Whan-woo | 2021-06-20 16:52

Korea seeks to win Czech nuclear power plant deal

Korea is going all-out to win an 8 trillion won ($7 billion) nuclear power plant order in the Czech Republic with high-ranking officials from the government and state-run nuclear plant operator traveling to Prague to promote the country's advanced technology.

Baek Byung-yeul | 2021-06-20 16:36

LG Energy completes battery supply to world's largest ESS project

South Korean battery maker LG Energy Solution said Thursday it has completed the supply of its battery system to the world's largest energy storage system (ESS) that has come online in the United States.

2021-06-17 15:05

S-Oil wins best affiliate award from Saudi Aramco

S-Oil's Representative Director and CEO Hussain Al-Qahtani, third from left, poses with the company's management after winning an award given by its parent company Saudi Aramco, in this photo provided by the oil refiner, Thursday. S-Oil said it won the Best Performance in Operational Excellence award at the Saudi Aramco 2021 President's Affiliates Excellence Awards. Courtesy ...

Baek Byung-yeul | 2021-06-17 14:21

GS Caltex makes first Korean purchase of carbon-neutral crude oil

GS Caltex has purchased 2 million barrels of carbon-neutral crude oil in a bid to take the lead in fulfilling Environmental, Social and Governance (ESG) criteria here.

Lee Kyung-min | 2021-06-17 14:21

Firms urged to refrain from deceptive 'greenwashing' campaigns

Companies are being urged to be more careful when promoting their management style and products as “green” or “eco-friendly,” as many of these efforts are ironically accompanied by pollution or other negative impacts on the environment. Industry sources said Wednesday that cases of environmental marketing which are deceptive and misleading - called “greenwashing” - are increa...

Yi Whan-woo | 2021-06-17 09:09

Hyundai Oilbank plans to go public next year

Hyundai Oilbank, a major South Korean oil refiner under Hyundai Heavy Industries Group, plans to list its shares on the country's bourse next year, its parent company said Monday. The decision for Hyundai Oilbank's initial public offering (IPO) was made during its board meeting, according to Hyundai Heavy Industries Holdings Co, the largest shareholder of the refiner with a 7...

2021-06-14 20:24

Hyundai, SK, POSCO, Hyosung to set up hydrogen council

The chairmen of Hyundai Motor, SK, POSCO and Hyosung pose after the four conglomerates agreed to launch a joint consultative body on hydrogen energy, at Hyundai Motor's Namyang Research Development Center in Hwaseong, Gyeonggi Province, Thursday. From the left are Cho Hyun-joon of Hyosung, Choi Jeong-woo of POSCO, Chey Tae-won of SK and Chung Eui-sun of Hyundai. Scheduled for...

Baek Byung-yeul | 2021-06-11 12:20

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